Bulls took the day off on Friday after two days of strong gains.
The Nasdaq added 1 to 1468, the S&P 500 slipped 3 to 930, and the Dow gave back 40 to 8804. Volume declined to 1.63 billion shares on the NYSE, and 1.96 billion on the Nasdaq. Advancers led 17 to 15 on the NYSE, and 17 to 15 on the Nasdaq. Upside volume was 49% on the NYSE, and 51% on the Nasdaq. New highs-new lows were 30-25 on the NYSE, and 68-23 on the Nasdaq.
Brocadeplunged 27% on a warning and news of the departure of President Michael Byrd.
TiVogained 7.5% on strong subscriber growth.
Agileand Serenasurged on positive earnings reports, and Flextronicsgained after maintaining guidance.
Research In Motion, up 8%, said it will appeal a $23 million verdict.
AOL, up 1.5%, is focusing on incremental growth.
Razorfishfell 11% on a “takeunder” of $1.70 a share.
Cienagained 15% on rumors of strong business.
Autodesk, Marvelland Novellfell on their earnings reports.
Liberatefell 14% after suspending its COO over accounting issues.
New 52-week highs included Amazon.com, SafeNet, Sina.comand United Online.
Cisco, off 2.3%, said in its latest 10-Q filing that first quarter net income would have been reduced by 60% if the company had expensed stock options.
SBCslammed WorldCom and Verizonlaunched a Wi-Fi effort.
Siebel, up 1%, joined forces with Lockheed Martin.
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